Feasibility study & redevelopment concept
Municipal Maintenance Yard
Testing the development economics and neighborhood potential of a town-owned site.
- Location
- Chestertown, Maryland
- Assignment
- Feasibility study & redevelopment concept
- Client
- Town of Chestertown
01 / The challenge
What the project needed to resolve
The town needed to understand what its maintenance-yard property could support, what value it could command, and what terms might make redevelopment workable for both the town and a development partner.
02 / The contribution
How the work addressed the question
Causeway paired a residential redevelopment concept with financial scenarios for both sides of the deal. The analysis tested the town’s potential return alongside the developer’s cash flow, showing how changes to the town’s terms could affect project feasibility. The site concept reconnected the street grid with two points of access, oriented homes toward the streets and rail trail, and placed parking within the development’s interior.
03 / The deliverables
What the assignment produced
- Site and regulatory review
- Conceptual master plan and residential renderings
- Financial scenarios for the town and a prospective developer
- Deal-structure comparisons and a development partner roadmap
04 / The next decision
What the work made clearer
The town gained a clearer basis for assessing land value, negotiating terms, and understanding what a development partner would need to make the project work. Modeling both parties’ economics made the tradeoffs visible: seeking a higher return for the town could put pressure on the developer’s cash flow, while accepting a lower return could help make redevelopment more feasible.
The study equipped the town to approach the next stage with an informed view of the opportunity and its constraints. The redevelopment concept has not been approved; the feasibility work provides a foundation for future review and decisions.
Project credits
Funded by the Upper Shore Regional Council on behalf of the Town of Chestertown. Causeway’s role: feasibility analysis, development economics, conceptual site planning, and visualizations.
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